South Africa introduces new regulations and technologies to track crypto assets and offshore accounts.

South Africa's Revenue and Taxation Office (RTA) implemented the Crypto Asset Reporting Framework (CARF) and expanded its Automatic Exchange of Information (AEOI) rules on March 1st. This requires South African crypto asset service providers to report detailed transaction data according to international standards and to automatically exchange account information with over 120 jurisdictions. The regulator will use pattern recognition and data matching to compare tax returns with on-chain and offshore transaction records, shifting from passive reliance on voluntary disclosure to proactive, data-driven audits. Tax experts say that the "hidden space" for evading tax regulations using multiple wallets, offshore exchanges, and offshore structures has largely disappeared. Taxpayers holding undeclared digital assets or offshore wealth face higher targeted audit risks and are advised to proactively comply through the Voluntary Disclosure Program (VDP).